Robert (Bert) Glover
About Robert (Bert) Glover
Robert (Bert) Glover, age 50, is Chief Executive Officer of Agriculture & Natural Solutions Acquisition Corporation (ANSC) since September 2023 and a director since November 2023; he is a graduate of the Australian Institute of Company Directors and has ~30 years of large-scale agricultural production and investment experience as founder/CEO of Impact Ag (since 2016) and co‑founder of Maia Technology . As a pre‑business‑combination SPAC, ANSC discloses no executive pay metrics or pay outcomes tied to TSR, revenue, or EBITDA because no officer cash compensation is paid prior to de‑SPAC; post‑combination compensation will be set by a committee of independent directors or a majority of independent directors .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Impact Ag Partners | Founder & CEO | 2016–present | Leads investments in agriculture as nature/climate solution across Australia and North America; sits on investment committee . |
| Maia Technology | Co‑founder | n/d | Agricultural management software; innovation advocacy . |
External Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| InAg.tech | Chair | n/d | Champions innovation in ag technology . |
| Various (six agricultural businesses in Australia and USA) | Board Director | n/d | Governance and sector expertise across ag businesses . |
Fixed Compensation
ANSC is a SPAC; prior to an initial business combination, the company reports no officer or director cash compensation, with only a corporate administrative services fee of $10,000/month paid to an affiliate of the Sponsor for office/administrative support (not to executives personally) .
| Metric | 2023 | 2024 | 2025 YTD |
|---|---|---|---|
| Base salary (CEO) | $0 | $0 | $0 |
| Target bonus % (CEO) | n/a | n/a | n/a |
| Actual bonus paid (CEO) | $0 | $0 | $0 |
| Admin fee to Sponsor affiliate (company-level) | $10,000/month | $10,000/month | $10,000/month |
Performance Compensation
No equity or option awards are disclosed for officers/directors prior to business combination; accordingly, there are no performance metrics, vesting schedules, or payouts reported for Mr. Glover in the latest proxies .
| Incentive type | Grant date | Shares/Units | Fair value | Performance metric | Weighting | Target | Actual | Payout | Vesting schedule |
|---|---|---|---|---|---|---|---|---|---|
| RSUs/PSUs | — | — | — | — | — | — | — | — | — |
| Stock options | — | — | — | — | — | — | — | — | — |
Equity Ownership & Alignment
As of the October 10, 2025 proxy record date, Mr. Glover is not listed as beneficially owning Class A or Class B shares; the Sponsor owns 8,225,000 Class B founder shares (19.1% of total), with all directors and executive officers as a group holding 8,625,000 Class B (20.0%) driven by Sponsor holdings .
| Holder | Class A Shares Beneficially Owned | Class B Shares Beneficially Owned | Approximate % of Outstanding |
|---|---|---|---|
| Robert (Bert) Glover | — | — | — |
| Agriculture & Natural Solutions Acquisition Sponsor LLC | — | 8,225,000 | 19.1% |
| All directors and executive officers as a group (7) | — | 8,625,000 | 20.0% |
Notes:
- Shares outstanding at record date: 34,500,000 Class A and 8,625,000 Class B; voting together as a single class for extension/adjournment matters .
- No insider trading/hedging policy has been adopted pre‑business combination; hedging practices/policies are not in place at ANSC pre‑de‑SPAC and an insider trading policy is expected to be adopted post‑combination .
Employment Terms
| Topic | Disclosure |
|---|---|
| Employment start date | CEO since September 2023; director since November 2023 . |
| Contract/term | As a director, Class I; re‑elected June 25, 2025 to a three‑year term; ANSC may not hold another AGM until after initial business combination . |
| Severance | “We are not party to any agreements with our officers and directors that provide for benefits upon termination of employment.” |
| Change‑of‑control | No executive compensation payable prior to or in connection with completion of business combination; any post‑combination compensation to be determined by independent directors/committee . |
| Clawback | Not disclosed in 2025 proxies . |
| Insider trading policy | Not adopted pre‑combination; expected to be adopted by the post‑business combination company . |
| Hedging/Pledging | “The Company does not have any practices or policies regarding hedging.” Pledging not specifically addressed . |
| Related party admin services | $10,000/month to Sponsor affiliate for office/admin support (not executive comp) . |
| Registration rights (founder holders) | Founder shares/PP warrants entitled to registration rights per Nov 8, 2023 agreement (demand and piggy‑back) . |
Board Governance and Service
- Role and tenure: CEO and director; not Chairman (Chairman is David Leuschen) .
- Classification and control: Class I director; prior to de‑SPAC, only Class B holders appoint/remove directors; ANSC is a NASDAQ “controlled company” and uses the exemption from majority‑independent board requirement .
- Committees: Audit Committee (Tepper chair; Aaker; Hall) and Compensation Committee (Aaker chair; Tepper; Hall) — each comprised solely of independent directors; Mr. Glover is not a member of these committees .
- Audit committee compliance: ANSC disclosed a temporary audit committee non‑compliance (two members) after Dr. Aaker’s resignation on March 26, 2024; compliance restored with her re‑appointment on March 24, 2025 .
- Re‑election: Mr. Glover re‑elected Class I director on June 25, 2025 with 8,625,000 votes For, 0 Against, 0 Abstentions (Class B holders vote) .
| Item | Detail |
|---|---|
| Chairman | David Leuschen |
| CEO dual role | CEO and Director; Chairman separate |
| Class/term | Class I; re‑elected 2025 for three years |
| Board independence | Controlled company; independent directors include Dr. Jennifer Aaker, Jeffrey H. Tepper, Ted W. Hall |
| Audit Committee | Tepper (Chair), Aaker, Hall; compliance cured 3/24/2025 |
| Compensation Committee | Aaker (Chair), Tepper, Hall |
| Director election (2025) | 8,625,000 For; 0 Against; 0 Abstentions (Class B) |
Director Compensation
- Prior to business combination, ANSC pays no cash or equity compensation to officers or directors; only the $10,000/month administrative services fee to a Sponsor affiliate is paid by the company .
| Component | Amount/Policy |
|---|---|
| Annual cash retainer | None pre‑business combination |
| Committee fees/chair fees | None pre‑business combination |
| Equity grants (DSUs/RSUs) | None pre‑business combination |
| Ownership guidelines | Not disclosed |
Compensation Committee Analysis
- Composition/independence: All members independent; chaired by Dr. Jennifer Aaker .
- Authority: May retain independent compensation advisers; oversees CEO and officer compensation policies/plans; pre‑combination responsibility limited because no compensation is paid before de‑SPAC .
- Governance: Post‑combination, officer compensation will be determined by a compensation committee of independent directors or a majority of the independent directors .
Related Party and Transaction Context
- Administrative services: $10,000/month paid to an affiliate of the Sponsor for office/administrative support; reimbursable expenses to officers/directors permitted; audit committee reviews such payments quarterly .
- Registration rights: Founder shares and private placement warrants (and underlying shares) have demand and piggy‑back registration rights per a November 8, 2023 agreement .
- Business combination agreements: Mr. Glover signed the August 28, 2024 Business Combination Agreement and related Sponsor Support/Lock‑Up documents as director/secretary of NewCo; those agreements were later terminated on April 11, 2025 via a Termination Agreement he signed as NewCo director .
Investment Implications
- Alignment: No disclosed personal beneficial ownership for Glover as of the October 2025 proxy record date — alignment relies on reputational/transaction success rather than direct equity at the SPAC level; Sponsor controls 19.1% via founder shares, concentrating governance influence .
- Selling pressure: With no pre‑combination cash or equity awards to Glover and no disclosed insider holdings, near‑term insider‑driven selling pressure from his awards appears minimal pre‑de‑SPAC .
- Governance risk: Controlled company status, absence of an insider trading policy and hedging policy pre‑combination, and prior audit committee non‑compliance (since cured) present governance risk that warrants monitoring until a robust post‑combination framework is adopted .
- Board/role structure: CEO/director with a separate Chairman and independent committees partially mitigates dual‑role concerns; however, Class B control of director elections persists until de‑SPAC .
- Execution track record: Glover has deep operating/investment expertise in agriculture and signed both the initial combination and subsequent termination documents, indicating active leadership through transaction pivots; investors should track future deal pipeline and any revised lock‑up or compensation structures in a subsequent de‑SPAC process .